After its ratification in El Salvador, the Regional Mortgage treaty still needs to be approved in one more country to come into force.
Salvadoran entrepreneurs welcomed the legislative ratification of the Treaty on Free Movement of Goods and Services, known as the ‘hipoteca centroamericana’ or Central American mortgage.
In order for the agreement to become effective, it requires ratification by three states."In 2010 Guatemala did so, this Thursday just past, it was El Salvador, and it is expected that soon Honduras or Costa Rica will also endorse the document. In Costa Rica they have already introduced a bill in the National Assembly for ratification," reported Elmundo.com.sv.